PayPal Freezes Bundy Ranch Accounts, Will They Switch to Bitcoin?

The Bundy Ranch has had its PayPal accounts blocked. The Bundys, a US family of cattle ranchers in Nevada, rose to fame (notoriety?) in 2014 for refusing to pay the federal government for grazing rights on federal lands. This conflict resulted in an armed standoff between federal agents and supporters of the Bundys, many of them members of private militias from across the country. The standoff ended without violence, and members of the Bundy family had been receiving donations in support of their plight through PayPal. The Facebook page run to support the Bundy family and their struggle against the federal government posted the bad news early on Tuesday morning: Another nail in the coffin of traditional payment systems as a reliable donation source The refusal of mainstream payment systems to deal with controversial groups or subjects only underscores the need for decentra...